Quote from: qwizzie on Today at 08:26:16 PM

Quote from: barbara44 on Today at 06:15:47 PM

I believe it is not going to be as tough as people claim to be. Bitcoin has around 7-10 dollar fee right now and nobody cares about it, whereas ETh has around 2 dollars right now and people act like it is end of the world. If bitcoin can reach to 10k with 10 dollar price, that means ethereum could at least be 2 thousand dollars with 2 dollar fee as well, there is no need to make an overreaction.

We would want both bitcoin and ethereum fee's to be lower, who would be fine with paying such huge fees, considering there are people who use it from third world countries where 2 dollars is literally a meal price, it is understandable to want it lower. However wanting it lower and not using it for the price are different and I doubt anyone is leaving because it is 2 dollars.

It is not only the gas fee that has been getting higher, there are also ballooning fees for interacting with the DeFi protocols.
Getting hit with those fees (that can run up to $100) is just insane.

https://cointelegraph.com/news/99-gas-fees-on-ethereum-are-crippling-defis-growth
https://cointelegraph.com/news/using-a-defi-protocol-now-costs-more-than-50-as-ethereum-fees-skyrocket

It will be interesting to see how those fees develop when more DeFi projects (similar to Uniswap) make a large move on Ethereum network.

Everybody complains it about it when the UNI airdropped came. I stopped making trasaction after I paid $25 last week, its a huge amount to waste. $100 will probably make me think of just not trading yet until all has calm down and the ETH2 solution come. It would be fair if the price of ETH also tank up but if it stays this low while the fee is the only that tanks, I'd prefer to move to other platforms where I'm also used to.